Tag: Banking

Rather than viewing growing interest in Fintech as a threat, many traditional high-street banks are trying to embrace the digital future. Abdel Kareem Friehat, the head of operations and IT at Jordan Kuwait Bank, said his bank is investing heavily…

Jordan is intensifying efforts to provide support for startups and SMEs by easing access to financing. Despite some continued obstacles to obtaining conventional bank finance, rising public and private investment in tech companies is contributing to a growing optimistic outlook…

The use of electronic and mobile banking channels amongst Jordanians remains low for payment services, according to a new report from the Arab Advisors Group. While online banking was used by 14.6 percent of respondents who have a bank account,…

April marked the tenth anniversary of Venture. Over the past decade, we’ve strived to capture and convey the many events and issues that have combined to shape Jordan today. While Venture has been on the newsstands, we’ve witnessed our economy boom…

Set up to deliver electronic payment services to banks, retailers, governments, and the general public, EMP is now working to turn Jordan into a cash-free society. Changing any society’s habits takes time. Encouraging consumers to switch from using cash and…

A rational evaluation of the state of the global economy is needed to counter the effect of the doom and gloom merchants causing jitters in markets. By Khalid W. Wazani Although in economic theory, prices are the main determinant of…

Having set about transforming the way Jordanians pay their bills via its e-Fawateer platform, online payment company MadfooatCom now has its sights set on regional expansion. By Rebecca Irvine When Nasser Saleh returned to Jordan after several years of working…

Jordan’s Al-Qadi family, the business tycoons and founders of the Arab Jordan Investment Bank (AJIB), has bought a 92 stake in England’s Bristol Rovers soccer club for an undisclosed sum. The new president of the 133-year-old, Division Two club will…

Everyone agrees the coming year will be a tough one for the region’s economies. But some countries will fare much better than others because their decision makers were bold enough to seek out new opportunities and act upon them. By…